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speaker john boehner on this? as you remember during the 2011 negotiations, they tried to get a grand bargain. a $4 trillion deficit reduction that would have included cuts to medicare and medicaid, but also some tax increases. ultimately that deal fell apart. there are some democrats that would like to see the president try to go big again in this second term. now the white house pardoned by some of the comments that john boehner made by saying that he's willing to come to the table to talk to the president about that. as you pointed out, he said that does not include tax increases for the wealthy. but i have been talking to some of my republican sources on the hill who say the speaker's language is important. it suggests a potential willingness to work with the president on the issue of taxes, which is of course the big sticking point. what does that mean? we don't know. it could mean eliminating deductions for big corporations for the wealthiest americans. those are the details that will have to be hammered out. but that report by the congressional budget office, which essentially
together, both sides have drawn some lines in the sand when it comes to taxes. house speaker john boehner earlier today said it's possible to get the nation's financial house in order without tax increases. >> i don't want to box myself in, and i don't want to box anybody else in. i think it's important for us to come to an agreement with the president, and by lowering rates and cleaning up the tax code we know that we're going to get more economic growth. >> here's what's at stake if they cannot come to a compromise. the congressional budget office says it would happen. the alternative minimum tax kicks in hiking taxes with more than half of married couples two children by $4,000 a year. it would ray taxes on workers and the trillion dollars in spending cuts that officials say cost jobs and slow economic growth. let me bring in our "news nation" political panel. we have zachary karabell and loy wis romano and david goodfriend. we have it covered. jonathan, i'll start with you. comparing what we heard from speaker boehner this morning and what we heard from the president
it is doable. whether that means it's going to get done is another question. and speaker boehner is in a delicate position. he would like to e get something done, but he's got an unruly boisterous caucus to be managing. >> i heard from a senator that he's going to need to bring in eric cantor somehow. he's going to have to enlist him if it's going to get done. we did get the preview yesterday. what's the president's strategy going to be? does he need to set an agenda for how to move forward? >> he's going to speak in generalities. he's not going to lay out a detailed, here's what i want to do five-point plan. i think that's smart. the best approach is to work this through congress with the white house being involved as well. take it as a patient process. >> let me play a little more from chuck schumer talking about john boehner's position. >> boehner wants to compromise. that's why he gave that speech. he's not a hard right guy. he's a mainstream conservative. >> here's a suggestion in his column titled "let's not make a deal." mr. obama should hang tough declaring himself willin
boehner come to an agreement. because i believe anything they agree to is something that will pass the senate. so it's really the house and the presiden president. >> -- is very remote. i think we're more likely to postpone the spending cuts. i think that would be disastrous for the economy. and i think we're likely to let the tax cuts expire than come back in january and cut the taxes for at least 98% of americans. >> joining me now to map out a timeline, nbc white house correspondent mike viqueira who joins me from right there in the white house. so are you getting a sense of the schedule of these events? >> reporter: the schedule is pretty much up in the air. pretty remarkable that john yarmouth, house democrat from kentucky is basically saying let's go over the cliff because we're never going to come to an agreement. the trouble is that cliff if we go over it, the congress at budget office itself says over the next course of the year if those tax cuts kick in, more than $1 trillion in new added taxes to the american people. plus that sequester, that automatic cuts to defense an
, john boehner, said quote, everything on the revenue side and on the sp spending side has to be looked at but when it comes to specifics he put the ball firmly in barack obama's court. >> i don't want to box myself in or anyone else in. i think it is important for us to come to an dpe agreement with the president but this is his opportunity to lead. >> here to sort what call of this must mean, we have all angles covered, including from the white house ahead of this daily briefing. we have jessica yellin, athena jones and ali velshi in new york. let me begin with you. we were watching the president walk in the east room. i noticed standing ovation. the energy in the room. the president pulled out his own pen saying yes, i'm ready to sign the bill flanked by marylandle class americans. when it comes to middle-clax tax cuts it sounds like the president is sticking to his guns. >> his terms are fairly stark. he's willing to negotiate on entitlements, medicare, medicaid. the white house democrats consider that a huge give the democratic party but what he is not willing to negotiate on is ra
crisis visiting our nation so far. and while president obama and house speaker boehner say they're willing to compromise they seem to have drawn the line at the issue of raising taxes. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue and means asking the wealthiest americans to pay more in taxes how we did it when bill clinton was president and the only way we can afford to invest in job training and manufacturing. all the ingredients of a strong middle class and a strong economy. some said despite the risk we should let our nation's economy go off part of the fiscal cliff in january allowing the top two rates to rise and they believe that doing that will generate more revenue for the federal government. here is the problem with that, raising those rates on january 1st would, according to the independent firm, ernst & young, destroy 700,000 american jobs. >> kelly: all right. angela mcglowan is a political analyst and joining us today, ladies, what we can see right now, there has to be some compromise, but washington is once again fin
, john boehner offered a compromise this week where he said yes, i am willing to put more revenue on the table but through closing deductions, ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal that doesn't raise the bush tax rate on the wealthy? >> well, here is the issue. how much revenue are we going to generate part of a balanced package? i take my lead on this from simpson-bowles and their framework. in their framework, they assume the amount of revenue as if you started tax reform from a 3% rate. that is part -- 39% rate. that's part of their built-in assumption. i am all for doing tax reform. the issue is from what starting point. the simpson-bowles starting point which assumes the revenue from 39% is the right way to go to get the mix that they got in hitting their deficit reduction target. but look, if what the speaker boehner was saying is that he is truly willing to get what we consider congressional budget office revenue, we can work with one another. if what he is saying is what a lot of republicans used to say, which i
directly to the american people and sell his case. john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congressional leaders over. >> we will also probably here from his senior adviser, david plouffe. the one thing that is interesting, if you look at the polls on the question of income tax rates, you have 47% that want to increase for those about 250,000. no increase for anyone tax increases, and 13%, increases for all. 47% 1,250,000 or above and 48% don't raise them at all or reason for everyone. so, you know, if you look at the exit polls, there is not really a definitive answer there. the republicans are going to say this is not t
not include a tax increase for the wealthiest americans, suzanne. >> jessica, we heard boehner, john boehner, actually within the last 30 minutes or so talking about that there are ways to raise revenue and spending cuts as well in a all options are on the table. do you think the white house sees that as some sort of opening, if you will, to negotiations? >> i think both sides are hopeful there is wiggle room for negotiations. everyby knowthat sething s to gone becauseh economy will take such a serious hit if it doesn't. here is where i see the battle line right now. republicans on capitol hill tell me they are willing to raise revenue. that's a big change. they are willing to raise revenue, but without a change in the tax rates. the president has said that the highest earning americans have to pay more. congressional republicans saying no change to the tax rates. that's a big difference of opinion. they'll have to find a way to bridge that divide. beyond that, they're willing to compromise on entitlements. they're willing to find cuts, so there does seem to be room for compromise. there's a
leadership, go to senate, deal over there and then come to boehner and box him in with a deal and present to it him. >> he also said that boehner may want that, too. boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today
he does certainly from the far right of his party. you saw boehner say that the party wants to be led. they want to be led as americans, not republicans. again, i think you have somebody like bill crystal who comes out and says republicans need to be more flexible in terms of talking about tax reform. i think norquist in that clip showed a real misreading of what the election was really about. i prish his use of the word -- >> an odd choice of words. >> poopy head. >> they got a thumping here. this is the first president since ronald reagan to win the popular vote in two consecutive elections. they're trying to deny his legitimacy still. >> not all. >> grover norquist is. >> and speaker boehner has said they're ready to be led. >> thank god for one reasonable person. >> he says he's the most reasonable. >> we'll see what happens in january, though. he has that radical right wing tea party caucus to deal with in the house. i want to see them come to grips with reality. >> great pleasure having you both on. as people continue to suffer in the wake of hurricane sandy, thousands are homel
find compromise? house speaker john boehner says he's ready to talk. >> talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> brianna keilar is at the white house. so, brianna, what do you expect president obama to say in this afternoon's remarks? >> reporter: carol, i think this is really going to be him sort of setting the scene and explaining to the american people what is at stake here, some of the things that christine outlined. we know that yesterday the cbo, congressional budget office put out a report saying that really the stakes here, that you could see the country sink into recession next year if we went off the fiscal cliff, that the unemployment rate could jump almost 2%. these are very serious things. this is post election. president obama's chance to kind of turn people's attention to this. and to urge congress to work together and to act. you heard him on tuesday night in chicago talki
boehner said they would continue to staunchly oppose tax rate increases, but on sunday. bill kristolly to republican house members it's not just them versus the president, it's them versus history. >> i think republicans will have to give in much more than they think. four presidents in the last election vo won 50% of the vote twice. roosevelt, eisenhower, reagan, and obama. republicans in the house will be able to get some concessions, but i think there will be a big budget deal next year, and it will be much moran obama budget deal than paul ryan budget deal. elections have consequences. karen capehart, did you expect anything this big this fast? bill kristol is influential with republicans in washington. i'm stunned with what i'm hearing? >> i almost fell out of my chair when boehner said revenues. the idea of increasing revenues. that's a central argument that we have been having over the last four years, and the very expensive i told you so i guess. if we're going to get to this problem, we have to deal with revenues, we can't just do it all on the spending side. >> jonathan capeh
now. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead raising their tax rates. >> we are not going to hurt our economy and make job creation more difficult which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your relation
would be willing to accept and double the amount that speaker boehner had offered the president during their debt negotiations last year. today the president is scheduled to meet with ceos from a dozen companies. there's some of them on your screen. general electric, ford, ibm all playing a part. they'll discuss ways to work together and try to find a balanced approach to reducing the deficit. during a closed-door meeting yesterday with union leaders and liberal supporters, president obama reportedly vowed that he would, quote, not budge when it comes to letting the bush tax cuts expire for the country's highest earners. labor leader and president of the afl-cio, richard trumka, was among those at the white house meeting. he said he and the president are on the same page. >> we're very, very committed to making sure that the middle class and workers don't end up paying the tab for a party that we didn't get to go to. the president led with that notion of protecting the middle class, and now you have republicans that have it in their power, they could sign a bill tomorrow that protects
monday. jon: brand new stories and breaking news. president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear program. a good friday morning to you. i'm jon scott. >> i'm jamie colby. good to have you here. i'm in for jenna lee today. talk about happening now, there is lot happening this hour. let's start with this. iranian warplanes opening fire an unarmed u.s. drone? the pentagon said it was flying over the gulf. that international waters. fortunately the drone was not damaged. jon: all this as the you know announce as fresh round of new diplomatic talks with iran next month. national security correspondent jennifer griffin live at the pentagon with more on this. this happened
speaker john boehner say they are ready to work together to keep the country from plunging off the so-called fiscal cliff. economists say the combination of tax hikes and spending cuts set to kick in at the end of the year could trigger another recession and higher unemployment. the president saying he has invited leaders of both parties to the white house next week to try to work out a deal. but he and the speaker still are sticking to their guns when it comes to it raising taxes on the richest americans. >> i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people, like me, making over $250,000 aren't asked to pay a dime more in taxes. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. raising tax rates will slow down our ability to create the jobs that everyone says they want. >> harris: the white house says the president will veto any bill that extends tax cuts on incomes of more than $200,000. it is deja vu all over again, rich edson. he joins us from fox
think mr. boehner has got to understand they lost and let the wishes of the majority of the people in this country prevail. but once again, when you have millions of people really struggling in this country economically, when you have some people out there wanting to cut benefits for disabled veterans and people on social security through a so-called chain cpi, you tell me, if there's any state in this country where people think, we're going to cut benefits for disabled veterans and elderly folks but we're going to give more tax breaks for millionaires and billionaire, i personally don't believe there's one state in this country which agrees with that. that's why i'm very happy to see president obama suggesting he's going to get out of capitol hill. he's going to go on the road and explain that issue to the american people. i hope millions of folks all over this country from blue states, from red states, start calling up capitol hill, their congressmen, their senators and say the wealthiest people in this country have to start paying their fair share of taxes. >> senator, good to s
with house speaker john boehner saying, quote, we are ready to be led. the question is do we have any reason to believe the two parties in washington will get along better in a second obama term? we'll see. >>> an ugly nor'easter complete with rain, wind and snow whips into the same parts of new york new york and new jersey that were wiped out by hurricane sandy. the question s what does the new storm mean for those still waiting for the lights to be turned on ten days now after sandy? >>> new york jets head coach rex ryan reactso
,000 a year to pay more in taxes. house speaker john boehner says tax cuts are unacceptable. >> i remain optimistic we will be able to find common ground, find a way to work together. the leblgs is over. we have to get to work. >>> the congressional budgity office issuing a warning. if a compromise is not reached by the end of the year the economy could slip back into a recession. >>> law americas might not get the answers they are looking for after all about the deadly benghazi terror attacks. congressional hearings will be closed to the public. fox news learned some of the suspects in the attack were part of an egyptian terrorist group. the network made up of violent extremists is trying to develop ties with al qaeda. >> jared laughner will be spending the rest of his life behind bars. he killed 6 people and wounded 15 others including debbie gifford. he sentenced him to 7 consecutive life terms plus 140 years. gifford and her husband were in court. you may have put a bullet in her head but you have not put a dent in her spirit. >> outrage about the power outages. 60,000 people still i
's possible with john boehner saying okay, we will get rid of some deductions that rich people enjoy that the president is now going to have his bluff called. i think is he going to get some tax increases on rich people, will he actually reform the entitlement spending? >> you are in charge, what is the compromise? >> well, i think the big part of the compromise, boehner has to get is the spending cuts have to happen now. people talk about this sequester and government spending might get cut. most of it is in the future. he has got to get in the hundreds of billions in year one to say we are actually turning this ship. >> james freeman from the "wall street journal" thanks for coming in with your expertise on. this thanks. good to be here. >> your tax dollars going to pay for sex change operations? what? we'll tell you where this just has been given the green light. >> then, it's been two weeks since super storm sandy and thousands of people are still in the dark this morning. they have been left freezing over these past weeks. so where is the help? our own brian kilmeade is going to
. but no such evolution on the issue of o taxes. both boehner and mitch mcconnell said taxes will not go up, period. >> think you're missing the second part of the sentence which is they're willing to consider new revenue. there are lots of ways, excuse the expression, to skin a cat. i thought john boehner was emphatic when he said they're willing to open it with the right framework. thing this is a two-step deal. i think it's too ambitious with too little time to get to the grand bargaining, the so-called lame duck session of the continuation. but i think you can scrape together enough to avoid sigh kwenltd strain. remember, they have to come up with only about $100 bill to set that aside. between spending cuts and loophol loopholes, i think you have to raise that. >> onpodesta, does the magts work, though, which is if you close produkz for the wealthy people, can you raise enough revenue? >> i think that's the fund mental question. >> well, i thnk the -- you know, this baurng the really contentious issue in the campaign. i think the only way do that is to take enough of a bite out of the plan. >>
passed already, with those rates and john boehner responded. >> the senate has already passed a law like this. democrats in the house are ready to pass a law like this and i hope republicans in the house come on board, too. we should not hold the middle class hostage while we debate tax cuts for the wealthy. >> i think in stead of the house moving on the senate bill, the senate ought to move on the house bill. >> so the debate has been engaged. it's going to be an interesting conversation on friday to get it started. >> that's right. he'll have the senate leaders and house leaders over to talk about this. one of the things that was so clear from that press conference was that the president is saying let's move this forward, let's move this forward now. he is certainly realizing that when you look at the four years that he has ahead of him, really it about the next 18 months to two years. that's when he has a mandate that, when he has political capital to spend. quickly he also wants to forestall some of these tax hikes that could come as early as january. john boehner initially said, lis
, the speaker of the house telling his troops to fall in line. could john boehner face another revolt? >>> first, we go back to florida, ground zero for head counts and election nights with no winners, again? this is msnbc. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >>> from his ranch in crawford, texas, governor bush voiced his objections to a third recount of ballots in florida. >> we've had one count and then we had another count. and fortunately, we won both counts. >> by going to court, bush is hoping to insure his lead in florida unofficially a 327-vote marnellen doesn't change in tallahassee today, former secretary of state, james baker, repeated his argument that hand-counting is subjective and unreliable and he accu
boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more americans would be at work. in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >
with both speaker boehner and president obama coming out talkital talking about the fiscal cliff. this week we'll see a round of negotiations capped off by a meeting at the white house between congressional leaders and executive branch coming up on friday. where are they going to end up? there are a lot of solutions kicking around town. the final deal is probably going to end up looking like at least one of these different proposals. let me walk you through four of them here so you get a sense of where we might be headed starting with the simpson bowles plan. they would cap the mortgage industry deduction at $400,000. they would also tax capital gains and dividends as ordinary income and they would have the employer sponsored health care exclusion phased out. that would be a big tax increase there. another plan that's floating around out there, you would see mortgage interest deduction limited to $25,000 of interest. capital gains and dividends here also taxed as ordinary income and the state and local tax deduction would be repealed. the gang of six plan is another one that's kicking aroun
Search Results 0 to 49 of about 78 (some duplicates have been removed)